Ferrari profit skyrocketed 36% during the first quarter of 2017, according to a financial report published by Bloomberg.

Demand substantially increased for Ferrari's V-12 powered offerings, up 50% during the first quarter. Interestingly, buyers shied away from the V-8 powered Ferraris, whose sales slumped 35%. Adjusted earnings before interest, taxes, and depreciation totaled in at US$265 million(S$372m), up from US$195 million(S$273m) this time last year. Demand for Ferrari's priciest models, like the LaFerrari Aperta, and its 70th-anniversary special editions certainly helped boost profits.

With the economy not exactly booming now, you won't expect Bugatti's Chiron to be doing so well in terms of sale. However, they have just reported passing the halfway point sales milestone with 250 units of the 500 available sold.

Even as Uber Technologies Inc exited China, the company's financial loss has remained eye-popping. In the first nine months of this year, the ride-hailing company lost significantly more than US$2.2 billion, according to a person familiar with the matter. In the third quarter, Uber lost more than US$800 million, not including its Chinese operation.

Elon Musk has confirmed on Twitter that the first 12 months of the Tesla Model 3 production is sold out. This comes after an article written by Fortune Magazine reported that new Model 3 reservations won't arrive until mid-2018 at the earliest.

According to Digital Trends, Elon Musk’s electric saloon is the king of the luxury sedan segment in America by managing to beat both the BMW 7 Series and the Mercedes-Benz S-Class in the third quarter of the year in terms of sales.

Lamborghini has highlighted another record year as deliveries surged by 28 percent in 2015. The company sold 3,245 cars across the globe, up from 2,530 in 2014 and more than double its 2010 numbers. Sales are said to have increased in all major regions, setting records in the US and Asia Pacific.

As with the Ferrari cars, so it is with shares in the company's initial public offering: When Ferrari has a limited quantity of something to sell, demand far outstrips supply. Investors told banks weeks ago that bids for the US$1 billion in stock – up to 18.89 million shares – would exceed the number of shares available over the entire expected range of US$48 to US$52.

Dodge's 707bhp Hellcat twins, the Challenger coupe and Charger sedan, are doing so well that Dodge has to more than double production for the its 2016 models in order to satisfy all its power-hungry customers.

Toyota is still the world's top automaker, with more than 10.23 million vehicles sold in 2014. Volkswagen and GM takes 2nd and 3rd place respectively with Volkswagen selling 10.14 million vehicles while GM put 9.92 million vehicles on the road last year.

When Ferrari took the wraps off its new FXX K track machine in Abu Dhabi last week, it conspicuously left out some key details. Sure, the Prancing Horse marque told us how much power it produced, and what it had done to the aero package to make it hug the track even closer than the road-going LaFerrari on which it's based – but it didn't tell us just how fast it will go, or how much it will cost. The latest reports, however, seek to fill in those blanks.

The design of the Porsche Panamera has been divisive, to say the least. Pretty much any Porsche with four doors was going to draw the ire of enthusiasts, but the fast-back-style roofline, prominent curves and seemingly never-ending hood have particularly irked some brand loyalists.

The First Edition of the all-new Volvo XC90, 1,927 individually numbered cars only available for sale via digital commerce, sold out in 47 hours after it was released on Wednesday afternoon at 16.00 hours CET. Most of the cars were reserved within one hour from sales start. At its peak, 7 cars were sold every minute

General Motors (GM) is losing the battle to be the world's largest automotive brand. 2014 is well past the half way mark and with finanical statements tallied, it seems like GM has slid to fourth place with a gross revenues of $39 billion, slightly behind a fast-growing Daimler which chalked up $42 billion. In pole position is still Volkswagen, which reported a cool $68 billion while Toyota finished a close second at $62 billion. Sealing up the top five is Renault-Nissan at ($38.9 million)